記同學(xué)
2020-10-08 22:38老師，CME的case7,第5題計算兩國利率的時候為什么要把equity premium加上。
所屬：CFA Level III > Capital Market Expectations 視頻位置 相關(guān)試題
來源： 視頻位置 相關(guān)試題
1個回答
Nicholas助教
2020-10-10 18:00
該回答已被題主采納
同學(xué)，下午好。
在CME中講到的based on capital flows using the Dornbusch overshooting這部分，在計算資本流動的調(diào)整給匯率的影響時，是需要考慮風險溢價因素的，其相關(guān)描述如下：
Adjustments to capital flows will place substantial pressure on exchange rates. There are three important considerations:
Capital mobility: The expected percentage change in the exchange rate can be computed as the difference between nominal short-term interest rates and the risk premiums of the domestic portfolio over the foreign portfolio:
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When there is a relative improvement in investment opportunities in a country, the currency initially tends to see significant appreciation but “overshoot”.
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